Extraordinary Over 11% net returns

120/2 Dockside Lane, Auckland Central

Asking Price NZD $169,000

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Extraordinary Over 11% net returns | 120/2 Dockside Lane, Auckland Central | 1653230 |      X Close

Extraordinary Over 11% net returns

INFO PACK emailed on request or available to download/view here: https://form.jotform.co/TeamCity/info-pack-for-120_2-dockside-lane

Whether you're looking for a city bolthole or supercharged investment, this excellently presented one bedroom plus carpark coming with a large private patio in the renowned Docks Apartment complex, will certainly meet your needs.

Superbly located, with Britomart Transport Hub and the beautiful Ferry building with access to all that Aucklands playground the Hauraki Gulf has to offer only a two-minute stroll away.

You're spoilt for choice when it comes to eating and drinking with the Viaducts bars and restaurants, take just a short stroll further and you'll find yourself in Wynyard Quarter (that's if you get sick of all the amazing restaurants and bars right on your doorstep in the Britomart district).

Shopping doesn't get any better - fashion on High Street, Queen Street and Britomart - and your weekly food shop is literally across the road.

One of the best value leasehold buildings in town. Due to building height restrictions and the way the land has been cut up, the land value on which The Docks is built is lower than other leasehold sites in the city. Why is this a good thing? The ground rent is based on the unimproved value of the land - so not only do you get a building that has been built to a very high spec, you're getting an extremely low ground rent - if you're an investor, I'm sure your ears are starting to prick-up.

But why leasehold? The answer is not one dimensional but one of the major factors is the low capital outlay - you're only paying upfront for the apartment itself, not the land it sits on. As long as you have a low enough ground rent and are buying a quality apartment in a good building, the achievable rent makes these excellent investments.

Can be bought vacant OR with tenant paying $510 per week making this a VERY healthy 11.41% NET return on investment.

This has been priced to sell and we expect it to be snapped